Hackett v. Boston & Maine Railroad

As stated by the defendants, “the fundamental issue is whether or not the petitioners, as former minority stockholders in the Concord and Portsmouth Railroad, are entitled on their petition to an appraisal of their stock under R. L., c. 296, s. 25, et seq." While the statute provides that “the corporation . . . may apply by petition,” it has been construed as also allowing the dissenting stockholder the same privilege. “A stockholder in a railroad thus dissenting may by petition to the Superior Court seek a determination of the value of his ‘stock, interest or property right taken’ P. L., c.…